quantity demanded


Quantity Demanded

The number of goods demanded at a particular price. Demand-side economics states that, unless non-price factors (like brand loyalty) are involved, demand will drop in proportion to each rise in price. See also: Keynesianism.

quantity demanded

the amount of a PRODUCT (or FACTOR OF PRODUCTION) that consumers (or firms) buy in a given time period. The quantity demanded of a product depends upon the product's own price, consumers’ income, price of substitute products, etc. See DEMAND FUNCTION, DEMAND CURVE, DERIVED DEMAND.